You don't have to be a sinner to invest in sin stocks. Check out these sinfully attractive mutual funds

Sin sells, and consumers are buying. Bulking up your portfolio with mutual funds that invest in sin stocks — which include alcohol, tobacco, and gaming — can be a smart defensive play now or a good tool for diversification at any time.

Much like other stocks that are considered to be consumer staples industries, such as healthcare or utilities, sin stocks have a defensive element that enables them to outperform broad market indices, such as the S&P 500 Index, even during recession.

When the economy weakens, consumers tend to cut back their spending on products and services considered to be luxury or high-end, such as automobiles and entertainment, and pay for only what they believe to be necessities, such as pharmaceutical drugs, electricity and beer….

Wait a minute! Beer is a necessity? Perhaps not, but it is an item that consumers are not quick to cut out of their budget, even in difficult financial times.

If you’re not quite convinced about the wisdom of investing in sin stocks, check out these 3 mutual funds that are sinfully attractive: